Forbes Finance Council is an invitation-only organization for executives in successful accounting, financial planning and wealth management firms. Members are successful leaders from world-class financial companies, each bringing a wealth of experience to the table. In this spotlight series, we profile our incredible members and share their advice with you. This week: Gabriele Grego.
Gabriele Grego is a managing partner at Quintessential Capital. The firm’s core strategy is “seeking extraordinary businesses acquired at a reasonable price.” Its team provides investors thoroughly investigated, risk-adjusted returns that make the most of opportune business ventures.
How did your career as a finance executive take off, and what do you attribute your success to most?
I believe things started improving for me the moment I found an activity I had a real passion for, and the moment I dropped infantile fantasies for good. From that time, it was easy to put all the ingredients of success at work: effort, dedication, long-term planning and rational, evidence-based thinking.
How do you keep yourself motivated and driven by your work, regardless of how busy you are day to day?
I wrote down a formal “life mission statement” and a set of yearly goals that I check and benchmark on a regular basis. It seems to do the trick.
What do you see as the future of the financial world?
Technology will probably take an ever-increasing role in finance. I hope that the existing underlying economic models — that are presently flawed, in my opinion — will be replaced by something more robust.
What is your best finance-related tip for businesses?
Keep your attention focused on cash flows, and consider that there is an inherent degree of uncertainty in any business. Your financial decisions must take this into account, implying a much greater degree of financial conservativism that is normally expected.